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Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume [LO4] [The following information applies to the questions displayed below.] Data for Herron
Exercise 5-5 Changes in Variable Costs, Fixed Costs, Selling Price, and Volume [LO4]
[The following information applies to the questions displayed below.] |
Data for Herron Corporation are shown below: |
Per Unit | Percent of Sales | |||
Selling price | $ | 60 | 100% | |
Variable expenses | 42 | 70% | ||
Contribution margin | $ | 18 | 30% | |
Fixed expenses are $75,800 per month and the company is selling 4,100 units per month. Exercise 5-5 Part 1
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